A competition for "Invidia" gets Washington's approval to work with the UAE

Cerebras Systems has announced the solution of ‘all outstanding issues’ with the Foreign Investment Committee in the United States, a decisive step that can pave the way for the upcoming Chips business for its long -awaited public offering. Serbras unveiled a voluntary notice to the US Foreign Investment Committee (CFIUS) in September regarding its relationship with the Group 42 group, an ID -based IQ, which provided more than 80% of its revenue. G42 plans to buy more than 22 million shares in Serbras. The company, based in Sanifille, California, said that the agreement no longer has to review the Foreign Investment Committee in the United States, where it has changed its agreement, so that “G42” has only the right to buy shares that do not vote. An overview of national security raised doubt on the first public offering of Serbras, an overview of national security on the company’s plans for the initial public offering for several months. It also gave an early test of the Trump administration’s thinking about the risks of foreign investment in US artificial intelligence businesses, at a time when the White House wants to retain the dominance of this technology. “The long -term strategic partnership between Serbras and JI 42 embodies the positive impact of border -border collaboration in the field of advanced artificial intelligence technology, with a joint commitment to improving innovation and growth,” the Chips industry said in a statement. A US Treasury spokesman refused to comment. The Biden Administration has already imposed strict restrictions on the distribution of the country’s artificial intelligence capabilities to certain areas, and in the flow of money to US businesses fought from Sovereign Wealth Funds in the Middle East, and is partly due to concerns about the potential relationship between Funds with China. The UAE promised to invest $ 1.4 billion in America, and the Trump administration indicated that it wanted to maintain its superiority over China in the field of artificial intelligence, with the opening of foreign investment doors in the physical infrastructure to support this technology. Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates security adviser, visited the White House in March and promised that the Golf State would invest $ 1.4 billion in the United States for ten years. In his statement, Serbras stated that his agreement with “G42” led to the establishment of data centers in California, Tixas and Minnesota. Serbras are one of a few artificial intelligence companies that look forward to a preliminary public offer. The emerging company wants to dispute the dominance of ‘Invidia’ business on discs, which represents the core of the tremendous spending on the infrastructure of arithmetic artificial intelligence. The company seeks to follow a new strategy – producing large chips that are by calculation, help computers designed specifically, which enable the processing of large amounts of data to create artificial intelligence programs. Serbras did not reveal the proposed conditions for his public offer. According to Bloomberg News, listing could earn up to one billion dollars in a value of $ 7 and $ 8 billion. “G42”, which works for data centers, provided about 87% of Serbras sales during the six months ended June 30, according to the company’s first public offering documents. This means that a large part of its income depends on the approval of the US government, specifically the operations and security office of the Ministry of Trade as ‘G42’ trying to use its equipment outside the United States.